The Edmonds City Council will hold a special meeting at 6:30 p.m. Tuesday as the Transportation Benefit District Board, during which time they will elect board officers — president, vice president and treasurer — for 2011 and will also hear the district’s annual report. At 7 p.m., they will put on their councilmember hats and continue discussing the possibility of placing a levy on the August or November ballots, and also address a variety of agenda items, including:

– The Annual Report by the Snohomish County Tourism Bureau.

– The Edmonds Arts Commission 2010 Annual Report and presentation of 2011 scholarship recipients.

– Discussion of a reallocation of real estate excise tax (REET) funds to possibly fund city transportation-related costs, including streets. According to Council President Strom Peterson, current city policy states that the first $750,000 of collected REET funds is dedicated to parks with any additional money going to transportation. However, given the current economic climate those funds have not exceeded $750,000 in recent years. “At our council retreat earlier this year, it was agreed that we should discuss a possible change to this allocation structure, dedicating more money to transportation,” Peterson said. No action is expected on this item Tuesday night.

Both meetings will be in the Council Chambers, located in the Public Safety Building at 250 5th Ave. N. The complete council meeting agenda can be found here.